Given the overweening power of the Fed, it behooves the wise investor to try to ascertain The Fed-led Cartel’s* probable ‘End Game’ for managing these ongoing and worsening Crises. This is especially important since The Fed’s power still appears overwhelming when compared with every other power center in the United States, and worldwide, and particularly when compared with the United States Congress.
After all, when a private for-profit entity such as the Federal Reserve can direct nearly a quarter of a trillion taxpayer dollars in bailout monies to a private insurance company such as AIG, it is pretty clear who holds the power. But to what effect and for how much longer? What is The Fed’s ‘End Game’? How can that Knowledge be used to Investors’ advantage?
As Gold Anti-Trust Action Committee Secretary Chris Powell points out:
“Refusing to disclose to Bloomberg News the identities of (the recipients of - Ed.) $2 trillion in government loans…the Federal Reserve Board is making the same argument it made this year in denying GATA access to the Fed’s records involving the U.S. gold reserve - - that “trade secrets” are exempt from disclosure…any government that can disburse $2 trillion secretly, without any accountability, is not a democratic government. It is government, of, by, and, for the bankers. And maybe now GATA isn’t the only one to think so…” (emphasis added)
Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
December 12, 2008, The Gata Dispatch
http://www.financialsense.com/fsu/ed...